Proshares Ultra Bloomberg Crude Oil ETF Forecast

Buy candidate since Jul 15, 2026

The ProShares Ultra Bloomberg Crude Oil ETF price gained 1.58% on the last trading day (Wednesday, 15th Jul 2026), rising from $39.33 to $39.95. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 3.74% from a day low at $38.73 to a day high of $40.18. The price has risen in 7 of the last 10 days and is up by 21.24% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 4 million shares were bought and sold for approximately $144.21 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The ETF lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -21.73% during the next 3 months and, with a 90% probability hold a price between $23.57 and $34.67 at the end of this 3-month period. Do note, that if the ETF price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

UCO Signals & Forecast

Mostly positive signals in the chart today. The ProShares Ultra Bloomberg Crude Oil ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the ETF, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $36.89 and $39.30. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, July 01, 2026, and so far it has risen 25.12%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely.

Support, Risk & Stop-loss for ProShares Ultra Bloomberg Crude Oil ETF

On the downside, the ETF finds support just below today's level from accumulated volume at $37.46 and $36.29. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, ProShares Ultra Bloomberg Crude Oil finds support just below today's level at $37.46. If this is broken, then the next support from accumulated volume will be at $36.29 and $34.67.

This ETF may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this ETF is considered to be "high risk". During the last day, the ETF moved $1.45 between high and low, or 3.74%. For the last week, the ETF has had daily average volatility of 5.14%.

Our recommended stop-loss: $38.73 (-3.06%) (This ETF has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 9 days ago.)

Trading Expectations (UCO) For The Upcoming Trading Day Of Thursday 16th

For the upcoming trading day on Thursday, 16th we expect ProShares Ultra Bloomberg Crude Oil to open at $39.62, and during the day (based on 14 day Average True Range), to move between $38.86 and $41.04, which gives a possible trading interval of +/-$2.19 (+/-5.63%) up or down from last closing price. If ProShares Ultra Bloomberg Crude Oil takes out the full calculated possible swing range there will be an estimated 5.63% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $41.56 (4.03%) than the support at $37.46 (6.23%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is ProShares Ultra Bloomberg Crude Oil ETF A Buy?

Several short-term signals are positive, despite the ETF being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold to a Buy candidate.

Current score: 3.524 Buy Candidate Upgraded

Predicted Fair Opening Price

Predicted fair opening price on July 16, 2026 - $39.62 ( 0.83%).

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